The Palm Beach Post from West Palm Beach, Florida on November 15, 1968 · Page 32
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The Palm Beach Post from West Palm Beach, Florida · Page 32

West Palm Beach, Florida
Issue Date:
Friday, November 15, 1968
Page 32
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Page 32 article text (OCR)

32 Palm Beach Post. Friday, Nov. 13, 1968 Withholding Rates Are Adjusted no longer being withheld from your wages. An employer is required to withhold Social Security taxes only on the first $7,800 paid. After that total is reached, these taxes are no longer withheld so that the next amount of an employe's pay check will go up. Q. Can I make changes in my withholding exemptions whenever I want? A. It depends on your employer. Many employers will let an employe change his withholding certificate at anytime. Under the law, however, the employer is only required to make payroll changes four times a year, Jan. 1, May 1, July 1, or Oct. 1, for changes filed at least 30 davs While budget dollars shrink... out to cash acceptable as proof of a charitable contribution? A. To substantiate a deductible expense your records must indicate, among other things, the purpose of the expense, to whom paid, as well as the amount. A check made out to cash or to yourself gives no indication by itself of the nature of the expense. This kind of check must be supported by other records, such as receipts, to be useful in proving any deductions you claim. A check made out to a specific organization, a charity for example, may well be sufficient to establish that a ue-ductible contribution has been made. Q. I've made a substantial pledge to my church's building fund. Can I take this deduction This column ol questions and answers on federal lax matters is provided by the I'Ji. Internal Revenue Senile and is published as a public service to taxpayers. The column answers questions most frequently asked by tax papers. Q. I started working this fall. Hill enough be taken out of my pay check to cover the new surtax as well as the regular income tax? A. For most people, withholding will be sufficient to satisfy their federal tax liabilities this year as it has in the past. Withholding rates were adjusted in July to take care of the tax surcharge. As you started work after that date, tax will have been withheld at rates set to satisfy your federal income tax liability. The new lax surcharge will have an effective rate of T1 per cent in 1W8. Although the tax surcharge rate is 10 per cent, it is in effect for only 9 months of the year 18 for individuals. Q. Our country place was damaged by lightning. Can we deduct the loss? A. If the loss exceeds $100 and is not covered by insurance, you may be entitled to a tax deduction. Generally, the loss is the difference in the value of the property before and alter the lightning struck. For details send a post card to your district director and ask for a free copy of Document No. 5174, disasters, rasu-alties and thefts. . Why isn't a check made on my 1969 return if it is to my advantage? A. Deductions for charitable contributions can only be taken for the tax year they are actually paid. If you pay all or part of your pledge this year, then you must take the deduction on your H return for the amount actually paid. To take the deduction on your 19 return you should postpone your payments until l'.ltiH. (f My pay check was a lew dollars higher last time even though my gross earnings were the same. Are taxes lower? A. No, the only recent change in federal tax withholding rates was the 10 per cent increase resulting from the surcharge. Your net pay could be higher if Social Security taxes are NAvT sr. St fiT IE I J ! lb, rii Liu's Fall Opposed A SMALL DEPOSIT WILL PUT THEM IN PENNEY'S LAY-AWAY. HAVE THEM PAID FOR BY CHRISTMAS! ALWAYS FIRST QUALITY your electric dollars stretch! The cost of nearly everything in your budget keeps going up. But one thing actually keeps coming down in price-electric service. There have been 11 major rate reductions in the last 10 years. Today, the average family served by Florida Power & Light Company enjoys more modern electric comforts and conveniences than ever before ... but the average price paid per kilowatt hour is one-third less than it was just 10 years ago. And today's unit cost is lower than the national average. A bargain? You bet! And FPL continues to work and plan ahead to keep Sunshine Service the "best buy" in your family budget. Stretch your dollars, the all-electric way. HONC KONG (UPI) Communist China admitted Wednesday that the disgrace of Presicleni Liu Shao-chi has met widespread opposition. The admission came in an editorial of the Shanghai Wen Hui Bao newspaper, an important mouthpiece for party Chairman Mao Tse tung's cultural revolution. "There are people who oppose it and refuse to implement it," the editorial said, referring to the communique of the 12th plenary session of the eighth central committee of the Chinese Communist Party. Liu was expelled from the party "once and for all" and "dismissed from all his posts both inside and outside the party" at the session held in Peking Oct. 12 to 31. He retains the presidency, however, since it would take a national People's Congress to remove him. FLORIDA POWER & LIGHT COMPANY Hit PING BUILD FLORIDA A. " A , SALE FRI.-SAT.-SUN. SALE ; aim f VZY d-gsiiib mm LARGEST DISCOUNT CHAIN IN THE PALM BEACHES DELIVERY SERVICE 965-3300 - FREE ICE - PARTY SERVICE - GLASSES & PORTABLE BARS Baby Tippee Toes Baby Small Talk ii QUART 1 QUART Such a busy baby! She's learning to walk . . . toddles and kicks her feet when lying on her back. She has her own plastic ride-on horse and tricycle which she pushes or rides on. Operates on 2 "D" batteries not included. "Baby help Mommy. Okay? I sleepy, nite-nife." Just pull the string ... she says 8 different things. This tiny talker is adorable. 10V tall. Rooted hair, movable arms arid legs. n TEN HIGH BOURBON BARCLAY'S VODKA 80 JACQUIN'S LONDON TOWER GIN 94 i CSft Lonion E Tou;r Barclay's Steel Kitchen Appliances J si1 99 gmtnMt 79 FIFTH - ln r, 00 vL" 11.83 ,8.80 RANGE OR REFRIGERATOR mm mm Her own kitchen in beautiful avocado color. Steel construction, scroll print decoration and white interiors. RANGE & REFRIGERATOR 36" x 18" x 15" SINK 26" x 18" x 15". COLD 7 YR OLD i 1 FA SCHENLEY VODKA 80 J.W. DANT Ky. Bourbon 86 Super Sport 8 Pedal Car OLD MILWAUKEE 6 PACK 12 0Z. CANS JMD 6$ 15 19 fifth 99 $D fifth Sports car styling for that little sport who knows go! Flaming orange . . . sleek racing stripes, wraparound windshield, rear view mirror, plus a racing helmet! sr-ja?Mi mix i 'ii' 1 QUART QUART 7 RED HACKLE SCOTCH 86 MELROSE GIN 90 4" P & T CARRIAGE BLt.'D 90 4 69 MtLROSf I 89 fifth 4 'HOT WHEEL CARS" by Mattel Hordes of run to collect! Customized scale versions of stock cars! 99 eo. Johnni ToymoWr Make motorized racing carj with the Johnny Toymoker Speed Mold Kit 9.88 Tootti Toy A complete jitt! 24 Tootue toy cars and trucks in a vinyl carrying case. 4.99 Talking Books Pull the magic ring! Let the storybooks do the talking. Mattel's talking books. 5 68 Bottled In Scotland PENNEYS Pen Monday thru Saturday 10 til 9.30

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